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Obama names Jeffrey Zients as his new top economic adviser

President Barack Obama announced Friday he would name Jeffrey Zients, a management expert who has led his budget office, as his new top economic adviser from January 1. Zients, who twice served as acting budget director under Obama as well as the government’s chief performance officer, will replace Gene Sperling…

Obama confident Republicans will cave on budget cuts

AFP – As the blame game over a stinging package of deficit-reducing spending cuts grinds on, the White House said Sunday that as voters start to feel the pain, Republicans will pivot and seek compromise. But the Republicans did not sound like they were in a mood to budge. The…

Economic adviser slams GOP for stalling consumer agency

Gene Sperling, director of the National Economic Council and assistant to the President for Economic Policy, told MSNBC’s Rachel Maddow on Wednesday that Republicans were endangering Americans by resisting the confirmation of Richard Cordray. President Barack Obama nominated Cordray to head the Consumer Financial Protection Bureau (CFPB), but Republicans have…

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